If you struggled in your early attempts at math, you may have been labeled ‘poor at math’. The fact of the matter is that you did miss-spell some words. And maybe you did struggle to add 2 + 2.
But that did not make you a ‘bad speller’ nor ‘poor at math’.
It simply meant that, in this specific attempt, you failed to spell a word correctly and you failed to be able to figure out the sum of 2 + 2. That is it!
But when someone labels you at a young age that you are ‘poor at math’, then as an impressionable young person you will most likely start to believe that. People in a position of trust and authority (such as your parents and teachers) tend to gain more internal mental ‘weight’ with most younger children and teenagers. So most children will believe what they are told about themselves.
Now, if these adults say it to the child consistently for an entire school year then guess what happens?
That is right. You now have a child whose identity is that he/she is a ‘bad speller’ or ‘poor at math’.
You cannot escape your Identity nor your beliefs about yourself in regard to your capabilities and self-worth. Straining, forcing, and using powerful ‘will’ only works temporarily, as you will always revert back to your beliefs about what you can and can’t do.
But the fantastic thing is that although your Identity is HARD to change, it can be done.
In trading and investing, as in life, your level of accomplishment and fulfillment will be dictated by one major thing.
How you respond to Adversity.
Adversity comes upon all of us at some time. In trading and investing, Adversity could be a string of losses in a row. It could be a major gap against your swing trade position. It could be not getting a fill on a massive winning trade. Or getting a full position on a loser and when it stops out suffering massive slippage… and just to add insult to injury you realize that your shares are sold on the absolute low of the shake out, only to see the position run higher after you are out well beyond where you had thought it would even go.
So, when this happens to you, do you ask yourself, “Why does this always happen to me?”, if yes, it is time you need to read this review of tradingview.
Poor questions will lead you down the road to poor answers. Maybe something like, “because you’re a loser” pops up in your mind. And guess what? If that answer does, you just solidified your identity of being a “Loser”.
And “Losers” don’t Win….by definition. So, no matter how hard you try and how much will power you can exhibit, you will always get back to your beliefs about yourself.
The list of questions you can ask yourself are infinite, and so are the answers.
The key is that the QUESTION is what leads the line of thought. You have to ask quality questions. That is the key. So one of the most basic examples you can use when any adversity strikes is simply,
“How can I use this to move closer to my goals?”
All of us will experience adversity and setbacks as we attempt to accomplish some goal or task. To go from point A to B is never in a straight line. As Maltz describes in Psycho-Cybernetics it is truly a zig-zag process.
The question is, will you dust yourself off and realize that your failed attempt is NOT a reflection of your worth?
It’s simply FEEDBACK.
How you performed in that instance simply did not work as planned or desired. Why?
That is what you get to figure out by asking GOOD QUESTIONS. I can guarantee you that the reason you failed in THAT INSTANCE is NOT because you are a ‘loser’ or ‘stupid’.
It’s funny to me that we often get discouraged when we hit a few bumps in the road. If we stop and contemplate that, it is RIDICULOUS. To go down any road you will have bumps. To breathe in, you must breathe out. Adversity is an inescapable fact of life for everyone. The only way to avoid that is to go nowhere and do nothing (but even that will cause you to have adversity down the road).
So, don’t get upset if the bridge is out. Stop your vehicle and get creative on how you will get to the other side. Trust me, there are many ways to get there and you are an amazing being with capabilities that would absolutely astound you if you just took a shot…and keep taking shots….and don’t stop.
Be the proverbial ‘Cork in the water’…you just keep bouncing back up and up and up. No one and nothing can stop you.
Like the old Energizer Bunny commercials, you just keep going and going and going. Unstoppable. Unfazed by setbacks and adversity. Learning and improving all along the way.